North Dakota State Investment Board Makes New $463,000 Investment in IDEX Corporation $IEX

North Dakota State Investment Board bought a new position in shares of IDEX Corporation (NYSE:IEX) during the fourth quarter, HoldingsChannel.com reports. The firm bought 2,601 shares of the industrial products company’s stock, valued at approximately $463,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nuance Investments LLC grew its position in shares of IDEX by 102.3% during the 3rd quarter. Nuance Investments LLC now owns 162,594 shares of the industrial products company’s stock worth $26,464,000 after purchasing an additional 82,223 shares in the last quarter. ING Groep NV acquired a new position in shares of IDEX during the 3rd quarter worth approximately $887,000. Numerai GP LLC grew its position in shares of IDEX by 19.4% during the 3rd quarter. Numerai GP LLC now owns 62,313 shares of the industrial products company’s stock worth $10,142,000 after purchasing an additional 10,114 shares in the last quarter. Allstate Corp acquired a new position in shares of IDEX during the 3rd quarter worth approximately $429,000. Finally, Rockland Trust Co. acquired a new position in shares of IDEX during the 3rd quarter worth approximately $398,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IEX. Robert W. Baird set a $257.00 price target on shares of IDEX in a report on Thursday, April 30th. BMO Capital Markets began coverage on shares of IDEX in a report on Friday, March 27th. They set a “market perform” rating and a $214.00 price target for the company. DA Davidson upped their price target on shares of IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IDEX in a report on Monday, April 20th. Finally, Argus raised shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price target for the company in a report on Friday, February 6th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $240.22.

IDEX Stock Performance

Shares of IDEX stock opened at $208.99 on Friday. The company has a 50 day moving average of $200.90 and a 200-day moving average of $192.23. IDEX Corporation has a 1-year low of $157.25 and a 1-year high of $223.85. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. The company has a market cap of $15.47 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 2.02 and a beta of 1.02.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.78 by $0.22. The business had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.75 EPS. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. As a group, equities research analysts forecast that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.

IDEX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 22nd. This is a positive change from IDEX’s previous quarterly dividend of $0.71. IDEX’s payout ratio is currently 42.01%.

Key Headlines Impacting IDEX

Here are the key news stories impacting IDEX this week:

• Positive Sentiment: Zacks Research lifted IDEX’s FY2026 EPS estimate to $8.46 from $8.20, slightly above the broader consensus, suggesting near-term earnings may hold up better than expected.
• Positive Sentiment: Analysts also raised FY2027 EPS to $9.15 from $8.98 and FY2028 EPS to $10.18 from $10.00, pointing to stronger longer-term profit growth for IDEX Corporation (NYSE: IEX).
• Positive Sentiment: Quarterly estimates were increased for 2026 and 2027, including Q2 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, and Q4 2027, which may help sentiment around the stock’s earnings trajectory.
• Neutral Sentiment: One recent article asked whether IDEX remains attractive after recent gains and mixed valuation signals, indicating investors may still be weighing the stock’s premium valuation against its earnings momentum. Is IDEX (IEX) Still Attractive After Recent Gains And Mixed Valuation Signals

Insider Buying and Selling

In related news, CEO Eric D. Ashleman sold 15,385 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $215.22, for a total value of $3,311,159.70. Following the completion of the transaction, the chief executive officer owned 66,658 shares of the company’s stock, valued at $14,346,134.76. This represents a 18.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by insiders.

IDEX Profile

IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company’s core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.

Operations at IDEX are organized into three principal segments.